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RE: Privacy Cryptocurrencies… Checking Out Monero (XMR)

in #bitcoin8 years ago

IMO, Monero is what Bitcoin wanted to be when it grew up - in fact, what the general public believes Bitcoin to be describes Monero much more accurately, since Bitcoin is not anonymous or untraceable. Furthermore, Monero is the only privacy-centric cryptocurrency with a fair distribution that actually delivers on its promises, without trusted setups (ZCash) or opt-in privacy (Dash, PIVX).

I do have mixed feelings with regards to ASIC resistance, however. While it does lower the barrier to mining considerably, in the process it hands botnet owners a significant reward, since they can mine on hardware they don't own burning electricity they don't pay for.

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Thanks for commenting, that's an interesting point on ASIC mining I hadn't considered before. Following you now.

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